After costs, if the gap returns to its 7d average, $10k−$90
spread now−0.266%7d average−0.250%fees + slippage, in and out−$88spread needed0.884%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International VIRTUAL-PERP-INTX | 0.7141 | 0.0432 | pay 0.0054% / 1h | 46m 39s | $195K | $147K | 50x |
| Short | KuCoin VIRTUALUSDTM | 0.7122 | 0.0100 | get 0.0050% / 4h | 46m 39s | $3.0M | $4.2M | 50x |
Coinbase International VIRTUAL-PERP-INTX
KuCoin VIRTUALUSDTMPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$26.61
- Funding while held
- −$9.96
- Slippage, 4 orders
- −$66.38
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$124.95
- Spread needed to break even
- 0.884%
Slippage from Coinbase International: live order book, 3 min ago; KuCoin: live order book, 7 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0332%
- Per $10,000 a day
- −$9.96
- Average in range /8h
- —
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Coinbase International live order book, 3 min ago | 6.31 bp | 19.4 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 7 min ago | 1.41 bp | 20.9 bp −$21 | 53.5 bp −$535 | doesn't fit | doesn't fit |
VIRTUAL price on every exchange
against the cheapest. Click to use as the short leg.Injective0.6744cheapest
01 Exchange0.7102+5.308%Reya0.7111+5.438%Phoenix0.7111+5.439%Polymarket Perps0.7113+5.466%Variational Omni0.7114+5.481%Extended0.7114+5.488%Bybit0.7115+5.501%OKX0.7115+5.501%Deribit0.7115+5.501%Aevo0.7115+5.503%GMX0.7116+5.509%gTrade (Gains Network)0.7116+5.519%Aster0.7117+5.530%BingX0.7117+5.531%Orderly0.7117+5.531%SoDEX0.7118+5.543%SunX0.7118+5.546%Gate0.7119+5.560%BloFin0.7119+5.560%Lighter0.7119+5.563%Backpack0.7120+5.575%MEXC0.7121+5.590%Binance0.7121+5.591%
Injective
Reya
Phoenix
Polymarket Perps
Variational Omni
Extended
Bybit
OKX
Deribit
Aevo
GMX
gTrade (Gains Network)
Aster
BingX
Orderly
SoDEX
SunX
Gate
BloFin
Lighter
Backpack
MEXC
BinanceKuCoin0.7122+5.605%
Bitget0.7123+5.620%Pacifica0.7124+5.636%Kraken Futures0.7128+5.691%ApeX Omni0.7129+5.709%Hyperliquid0.7130+5.727%edgeX0.7131+5.735%
Bitget
Pacifica
Kraken Futures
ApeX Omni
HyperliquidCoinbase International0.7141+5.887%
VIRTUAL on 32 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective VIRTUAL/USDC PERP | −5.559% | +0.0033% | 1h | $43 | $70K | 5.5x | as long as short |
| 01 Exchange VIRTUALUSD | −0.546% | −0.0128% | 1h | $2K | $539 | 10x | as long as short |
| Reya VIRTUALRUSDPERP | −0.424% | −0.0139% | 1h | $24 | — | 10x | as long as short |
| Phoenix VIRTUAL | −0.423% | −0.0113% | 1h | $11K | $42K | 5x | as long as short |
| Polymarket Perps VIRTUAL-USD | −0.398% | +0.0100% | 1h | $31K | $795K | 5x | as long as short |
| Variational Omni VIRTUAL | −0.384% | −0.0017% | 4h | $587K | $791K | — | as long as short |
| Extended VIRTUAL-USD | −0.377% | +0.0104% | 1h | $56K | $244K | 10x | as long as short |
| Bybit VIRTUALUSDT | −0.364% | +0.0100% | 4h | $15.7M | $15.7M | 50x | as long as short |
| OKX VIRTUAL-USDT-SWAP | −0.364% | +0.0100% | 4h | $2.8M | $10.3M | 20x | as long as short |
| Deribit VIRTUAL_USDC-PERPETUAL | −0.364% | −0.0171% | 1h | $25K | $30K | 10x | as long as short |